R E B Foundation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
SUPPORTS AWARDS FOR TEACHING EXCELLENCE AND DISTINGUISHED EDUCATIONAL LEADERSHIP AS WELL AS ANNUAL GRANTS TO EDUCATIONAL, CULTURAL, AND SOCIAL SERVICE PROGRAMS.
- Income
- $2.2 million
- Spending
- $3.2 million
- Spent on programs
- 90%
- Reserves
- Over 10 years of spending
- Largest source of income
- investment income, 100%
- Employees
- 0
- Volunteers
- 18
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 70 out of 100. Higher than 31% of charities in its peer group (philanthropy, $1m to $10m).
Reserves
35 of 35Spendable reserves would cover more than ten years of spending.
Debt
20 of 20It owes 0% of what it owns.
Living within its means
0 of 15Spending exceeded income by 45% of income.
Income trend
0 of 15Income fell 50% on the year before.
Spending floor
15 of 1590% of spending went to programs.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 65% of charities in its peer group (philanthropy, $1m to $10m).
Independent board
25 of 255 of 5 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (4)
- $2.1 million spent. ANNUAL GRANTS MADE TO THE COMMUNITY FOUNDATION, INC. FOR DISBURSEMENT TO EDUCATIONAL, CULTURAL, AND SOCIAL SERVICE PROGRAMS.
- $160,000 spent. GRANTS MADE TO THE COMMUNITY FOUNDATION, INC. TO FUND THE R.E.B. AWARDS FOR DISTINGUISHED EDUCATIONAL LEADERSHIP, WHICH RECOGNIZES PRINCIPALS WHO GO BEYOND THE DAY-TO-DAY DEMANDS OF THEIR POSITION TO CREATE AN EXCEPTIONAL EDUCATIONAL ENVIRONMENT. FOUR PRINCIPALS WERE PUBLICLY RECOGNIZED, ONE EACH FROM LOCAL SCHOOL DISTRICTS IN CHESTERFIELD, HANOVER, HENRICO, AND CITY OF RICHMOND IN 2024. EACH PRINCIPAL RECEIVED A $10,000 CASH GRANT FOR PERSONAL USE AND AN ADDITIONAL $20,000 FOR THEIR PROPOSED SCHOOL PROJECT. FOUR RUNNER-UP PRINCIPALS WERE ALSO RECOGNIZED AND RECEIVED $10,000 AWARDS TO SUPPORT THEIR PROPOSED SCHOOL PROJECTS.
- $242,000 spent. GRANTS MADE TO THE COMMUNITY FOUNDATION, INC. TO FUND THE R.E.B. AWARDS FOR TEACHING EXCELLENCE, WHICH RECOGNIZES PUBLIC SCHOOL TEACHERS WHO DISTINGUISH THEMSELVES BY THEIR INSPIRING CLASSROOM PERFORMANCE. THE PROGRAM IS BASED ON THE BELIEF THAT A POSITIVE EDUCATIONAL EXPERIENCE AT THE ELEMENTARY, MIDDLE, AND HIGH SCHOOL LEVELS HELPS CHILDREN FORM POSITIVE LIFELONG HABITS TOWARD LEARNING AND DISCIPLINE. THROUGH A NOMINATION PROCESS, 32 OUTSTANDING TEACHERS WERE SELECTED IN 2024 TO RECEIVE CASH GRANTS TO SUPPORT PROFESSIONAL DEVELOPMENT ACTIVITIES.
- $375,867 spent. R.E.B EDUCATIONAL IMPACT GRANT AWARDS - IN 2024, THE FOUNDATION AWARDED GRANTS (THROUGH THE COMMUNITY FOUNDATION, INC.) TO VIRGINIA COMMONWEALTH UNIVERSITY FOUNDATION TO SUPPORT A COMPREHENSIVE MENTAL HEALTH PILOT PROGRAM IN TWO RICHMOND AREA SCHOOLS THAT WILL LEVERAGE AN EXISTING MULTI-TIERED SYSTEM OF SUPPORT FRAMEWORK IN ORDER TO IMPROVE MENTAL HEALTH OUTCOMES FOR STUDENTS. THE PILOT PROGRAM WILL BE COORDINATED BY THE METROPOLITAN EDUCATIONAL RESEARCH CONSORTIUM (MERC)--A PARTNERSHIP BETWEEN VCU'S SCHOOL OF EDUCATION AND CHESTERFIELD, GOOCHLAND, HANOVER, HENRICO, AND RICHMOND PUBLIC SCHOOLS.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since March 2018.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.